Hull Trains reveals it lost millions as it battled 'worst ever year'

By Hull Daily Mail | Posted: 5 Feb 2019

Hull Trains lost £2m in profits in 2018 as its worst ever year was blighted by “catastrophic engine failure” and the Beast from the East.

In newly filed accounts, the operator admitted a train break down in December 2017 – combined with the perishing weather at the start of 2018 – resulted in “one of the most challenging operational periods in the company’s 18-year history.”

In the year ending March 31, 2018, profits at Hull Trains dropped from £5.3m to £2.7m, with more disruption following in late 2018.

Despite returning to full service for summer 2018, two train fires within two days in October– followed by problems to its other two engines – temporarily left the operator unable to put a train on the rails.

Better news is on the horizon however, with a £60m fleet of five new state-of-the-art Hitachi trains due to arrive in November this year.

Louise Cheeseman, managing director of Hull Trains (Hull Trains)

Hull Trains has also secured a new engine in a bid to restore normal service until their arrival.

Directors at Hull Trains said in the report: “Two separate incidents in December 2017 and February 2018 presented unusual and unrelated performance challenges.

“The catastrophic engine failure in December 2017 caused severe damage to one unit, which took several months to repair, and the infamous ‘Beast from the East’ damaged three of Hull Trains’ fleet in February 2018.

Read more: Hull Trains boss speaks out after passengers face weeks of chaos

“This resulted in one of the most challenging operational periods in the company’s 18-year history.”

Before Hull Trains’ toils started in December 2017, the operator announced it had achieved a customer satisfaction rating of 95 per cent.

By the end of spring last year, this had dropped to 86 per cent.

Hull Trains saw profits slump by more than £2m (Hull Trains)

After the operator’s rocky start to 2018, summer brought better fortunes, as Hull Trains returned to full service.

However, as directors said, two train fires in October knocked the company off the rails.

“This severely reduced the company’s ability to run its timetable,” they said.

Read more: Hull Trains has one of highest customer satisfaction ratings in UK

“The effects of these last two incidents are still being felt two months later with numerous cancellations, meaning 2018 has become the worst in Hull Trains history for train performance, with a consequential reduction in profits estimated at £2m.”

Last week, Hull Live spoke to Hull Trains managing director Louise Cheeseman about the new trains set to hit the rails this year.

Based on the bullet train in Japan, the Class 802 will hopefully bring a 'new era' for transportation in Hull (Hull Trains)

She said: “This is a state-of-the-art brand new train built on the design of the bullet train in Japan. We are going to be taking delivery of five of these towards the end of 2019.

“Some of the on-board experiences that a customer using these new trains will expect are wi-fi throughout, plug sockets on every seat, they’ll have an at seat service for teas and coffees.

“All the things you would expect on a modern train. They’re fast, the acceleration of these trains will outperform any train on the current UK network.”

Ms Cheeseman said while the chances of disruption would be significantly reduced, she could not guarantee trains will never get delayed.

Watch: Hull MP Diana Johnson speaks out on train services

“But in terms of reliability of the fleet these are state-of-art. They’re also going to be maintained by Hitachi themselves so the maintenance provision is going to be top class.

"I’m much more confident that the service we are going to be able to provide is going to be as reliable as it is possibly to be,” she said.

The cost of Hull Trains’ rocky 2018 has now been revealed, with the company losing more than £2m of profit by March 31.

Follow us on Facebook and Twitter

Retail, Leisure & Tourism News

Source article:

Share Article

Grimsby News

Estuary car terminal expansion will make Grimsby the UK's premier handling port

Hull & East Riding News

Stage set for Offshore Wind Sector Deal discussion at OWC 2019

Scunthorpe News

British Steel bids for 100m Government loan as Brexit delay dashes carbon trade

Your News

Would you want your employees working from home? Read more in our Your News special report